Ripple 
$1 CEO Brad Garlinghouse linked the recent increase in XRP prices to growing optimism regarding regulatory clarity in the United States. In an interview with FOX Business, he emphasized the importance of a more balanced approach to crypto regulations under the new administration. Garlinghouse noted that cryptocurrencies connected to the U.S. have experienced significant growth since Election Day.
Impact of Administrative Changes on the Crypto Sector
Garlinghouse described the post-election landscape as a transformative period for the crypto sector, attributing a 70% increase in XRP’s value to pro-crypto policies. He referred to presidential candidate Donald Trump as the “crypto president,” highlighting his openness to blockchain innovation and entrepreneurship.
“The crypto industry embraced Trump, and Trump embraced the crypto industry. I think this is very sincere, and he sees the opportunity, innovation, and entrepreneurship, and I’m very excited to see what happens in the future.” – Brad Garlinghouse
XRP Price Surge and Market Sentiment
XRP reached a two-year high of $0.9193 due to significant developments, such as Robinhood relisting the token and overall market optimism. Analysts suggest that this increase indicates strong bullish momentum following a breakout from a symmetrical triangle formation.
Institutional Interest and Investor Activity
In the derivatives market for XRP, open interest rose by 13% to $1.5 billion. This increase is linked to major investor activities, including the transfer of 60 million XRP from an unknown wallet. Additionally, trading volume surged by 25% over the past 24 hours, reaching $11.70 billion.
Garlinghouse expressed satisfaction with the changing regulatory environment due to legal actions against the SEC and interventions by 18 states. In this context, XRP is expected to perform well in a more favorable regulatory landscape.
As of the latest update, XRP was trading at $0.89, with a market capitalization of $50.80 billion. This increase resulted from a combination of institutional interest and regulatory expectations.
Garlinghouse’s statements provide positive signals for XRP’s future performance. Achieving regulatory clarity may increase investor confidence, contributing to price stability. Furthermore, significant investor transactions and rising trading volumes support market activity.
